INSUBCONTINENT EXCLUSIVE:
On deposits below Rs 1 crore SBI FD interest rates for the general public range from 5.75-6.85%.Even as the government recently hiked small
saving schemes' interest rates for the October-December quarter, bank fixed deposit or FD interest rates have so far not been hiked
Rise in interest rates of small saving schemes would nudge banks to increase deposit rates in third quarter of 2019, albeit less than the
magnitude of revision in small saving schemes' interest rates, said rating agency ICRA
Most leading banks revised their FD interest rates around the central bank's August policy review meet.SBI or State Bank of India, the
largest lender of the country, last revised its FD interest rates on July 30
Punjab National Bank (PNB) last revised its fixed deposit interest rates on August 1
Private lenders HDFC Bank and ICICI Bank last revised their FD interest rates on August 6 and August 14 respectively.On deposits below Rs 1
crore, SBI FD interest rates for the general public range from 5.75 per cent to 6.85 per cent, PNB FD interest rates range from 5.70 to 6.25
per cent, HDFC Bank FD interest rates range from 3.5 per cent to 6 per cent, and ICICI Bank FD interest rates range from 4 per cent to 7.25
per cent with effect from July 30, 2018Maturity periodGeneral publicSenior citizens7 days to 45 days5.756.2546 days to 179 days6.256.75180
days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less than 2 year6.77.22 years to less than 3 years6.757.253 years to
2018Maturity periodGeneral publicSenior citizens7 - 14 days3.504.0015 - 29 days4.254.7530 - 45 days5.756.2546 - 60 days6.256.7561 - 90
days6.256.7591 days - 6 months6.256.756 mnths 1 day- 6 mnths 3 days6.757.256 mnths 4 days6.757.256 mnths 5 days- 9 mnths6.757.259 mnths 1
day- 9 mnths 3 days7.007.509 mnths 4 days7.007.509 months 5 days - 9 months 15 days7.007.509 months 16 days7.007.509 months 17 days < 1
Year7.007.501 Year7.257.751 year 1 day - 1 year 3 days7.257.751 year 4 days7.257.751 year 5 days - 1 Year 15 Days7.257.751 Year 16
days to 45 days5.5646 days to 60 days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to 289
days6.57290 days to less than 1 year6.757.251 year to 389 days6.757.25390 days to 2 years77.52 years 1 day upto 5 years7.257.755 years 1 day
1 crore)PNB pays the following interest rates with effect from August 1, 2018, according to its website - pnbindia.in:Sl
NoPeriodROI (% p.a.)For Senior Citizen ROI (% p.a.)17 to 14 days5.76.2215 to 29 days5.76.2330 to 45 days5.76.2446 to 90 days6.356.85591 to
179 days6.356.856180 days to 270 Days6.356.857271 days to less than 1 year6.356.8581 year6.757.259above 1 year upto 3 years6.757.2510above
3 year upto 5 years6.256.7511above 5 years upto 10 years6.256.75(from pnbindia.in)Small finance banks, however, offer higher FD interest
rates than mainstream banks.
